Natixis Advisors LLC Has $22 Million Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Natixis Advisors LLC decreased its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,511 shares of the company's stock after selling 2,350 shares during the quarter. Natixis Advisors LLC owned about 0.15% of Casey's General Stores worth $21,995,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Soros Capital Management LLC grew its position in Casey's General Stores by 1,825.6% in the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company's stock worth $10,382,000 after acquiring an additional 26,197 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Casey's General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock worth $3,629,000 after purchasing an additional 3,065 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Casey's General Stores by 9.9% in the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company's stock worth $5,532,000 after purchasing an additional 1,332 shares in the last quarter. JLB & Associates Inc. raised its holdings in Casey's General Stores by 1.8% during the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock valued at $17,049,000 after buying an additional 749 shares in the last quarter. Finally, South Dakota Investment Council raised its holdings in Casey's General Stores by 28.0% during the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company's stock valued at $3,988,000 after buying an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

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Insider Transactions at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos acquired 256 shares of Casey's General Stores stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now owns 3,356 shares in the company, valued at $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by corporate insiders.

Casey's General Stores Trading Up 2.3 %

NASDAQ:CASY traded up $9.16 during trading hours on Friday, hitting $404.00. 493,273 shares of the stock were exchanged, compared to its average volume of 268,574. The company's 50 day moving average is $409.84 and its two-hundred day moving average is $400.51. The company has a market capitalization of $15.00 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. Casey's General Stores, Inc. has a twelve month low of $306.45 and a twelve month high of $445.17. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.57. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.33 earnings per share. On average, sell-side analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Evercore ISI cut their target price on shares of Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. BMO Capital Markets reissued a "market perform" rating and issued a $450.00 price objective (up from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Finally, Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $423.09.

Casey's General Stores Profile

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.